oussama94
05-28-2017, 00:56
Support levels represent ‘floors’ - areas where
buying tends to be strong. If the price falls to
a strong support, then sellers in the market are
less keen to sell at a cheaper price and buyers
are happy to buy at that attractively low level.
This drives the price up, or at least stops it from
falling any lower. By knowing the support levels,
you can identify good buying opportunities,
because that’s where buyers are supposed to
be strong and push the price up.
buying tends to be strong. If the price falls to
a strong support, then sellers in the market are
less keen to sell at a cheaper price and buyers
are happy to buy at that attractively low level.
This drives the price up, or at least stops it from
falling any lower. By knowing the support levels,
you can identify good buying opportunities,
because that’s where buyers are supposed to
be strong and push the price up.